United Natural Foods (NASDAQ:UNFI) Stock Rating Reaffirmed by Royal Bank of Canada

United Natural Foods (NASDAQ:UNFI)‘s stock had its “underperform” rating reissued by equities researchers at Royal Bank of Canada in a note issued to investors on Friday, March 9th. They currently have a $38.00 target price on the stock. Royal Bank of Canada’s price objective indicates a potential downside of 8.79% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on UNFI. Susquehanna Bancshares set a $51.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, March 9th. Pivotal Research set a $34.00 target price on shares of United Natural Foods and gave the stock a “sell” rating in a report on Tuesday, March 6th. BidaskClub upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. BMO Capital Markets set a $57.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, March 8th. Finally, Jefferies Group restated a “hold” rating and set a $49.00 price objective on shares of United Natural Foods in a research report on Monday, January 8th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. United Natural Foods presently has a consensus rating of “Hold” and a consensus price target of $44.69.

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NASDAQ UNFI traded down $1.28 during trading on Friday, hitting $41.66. 294,404 shares of the company’s stock traded hands, compared to its average volume of 683,250. The firm has a market cap of $2,164.57, a price-to-earnings ratio of 16.21, a PEG ratio of 1.69 and a beta of 1.44. The company has a quick ratio of 0.90, a current ratio of 2.33 and a debt-to-equity ratio of 0.25. United Natural Foods has a 12-month low of $29.53 and a 12-month high of $52.69.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Thursday, March 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.45 billion. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. United Natural Foods’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. equities analysts expect that United Natural Foods will post 3.09 earnings per share for the current fiscal year.

In related news, COO Sean Griffin sold 12,351 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $49.41, for a total transaction of $610,262.91. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Steven Spinner sold 49,026 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $49.49, for a total transaction of $2,426,296.74. Following the transaction, the chief executive officer now owns 102,637 shares of the company’s stock, valued at $5,079,505.13. The disclosure for this sale can be found here. Insiders sold a total of 70,111 shares of company stock worth $3,446,606 over the last ninety days. Insiders own 1.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of United Natural Foods by 1.6% in the fourth quarter. BlackRock Inc. now owns 5,339,223 shares of the company’s stock valued at $263,064,000 after buying an additional 85,432 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of United Natural Foods by 6.5% in the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock valued at $177,554,000 after buying an additional 258,676 shares during the last quarter. Kiltearn Partners LLP raised its position in shares of United Natural Foods by 10.4% in the fourth quarter. Kiltearn Partners LLP now owns 4,159,404 shares of the company’s stock valued at $204,934,000 after buying an additional 390,565 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of United Natural Foods by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock valued at $104,734,000 after buying an additional 84,579 shares during the last quarter. Finally, Earnest Partners LLC raised its position in shares of United Natural Foods by 32.9% in the fourth quarter. Earnest Partners LLC now owns 1,721,843 shares of the company’s stock valued at $84,835,000 after buying an additional 426,223 shares during the last quarter.

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About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.

Analyst Recommendations for United Natural Foods (NASDAQ:UNFI)

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